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| DEFINITIONS |
Agent/You/Your – means The Company, partners or individuals
authorised to transact business with us
We/Us/Our - means P J Hayman & Company Ltd.
Stansted House, Rowlands Castle,
Hampshire PO9 6DX. |
| Your appointment as an Agent is conditional upon the acceptance
of and adherence to the terms and conditions set out in
this agreement.
Your appointment as an Agent provides you with the authority
to issue Certificates of Insurance on our behalf.
Certificates of Insurance are prepared by us, acting
on your instructions and then sent for you to sign and
issue to your client as the appointed Agent.
In some cases and for certain products only, we will
provide you with delegated authority to issue Certificates
on our behalf by means of self-issue pads, pre-printed
Certificates (requiring bordereau declaration) or via
the Web.
As an appointed Agent you are authorised to sign and
issue Certificates, for the range of products agreed,
subject to the proper adherence of Insurance Practice
and Underwriting Principles.
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| Commission shall be paid in accordance with the Schedule
(attached), but we may at any time revise or replace the
commission schedule by notifying the agent in writing.
The Agent cannot charge any policy fee, service fee
or any other fee or charge whatsoever unless that fee
has been agreed by us and shown clearly on the Certificate
of Insurance (unless the Agent has asked
for ‘net rates’ (in respect of Travel ‘Scheme’ business
only) and is charging the client a separate fee for his
services).
The Agent shall refund to us commissions on all cancelled
insurances and return premiums at the same rate at which
such commissions were originally allowed.
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| The Agent shall not enter into premium finance agreements
in our name.
If the Agent enters into a premium finance agreement
in respect of coverage placed with us, the arrangements
shall be solely in the name and entirely for the account
of the Agent and we will not accept any responsibility
for any such arrangement.
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| Where we issue certificates on behalf of the Agent, your
instructions to incept cover MUST be received before the
inception date. Cover cannot be back-dated. If the inception
date is not specified then we will assume cover from the
date of receipt of either the proposal form or your instructions,
subject to the proposal form or instructions being satisfactory.
No refund of premium will be given if the Certificate
is cancelled.
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| We are not obliged to issue renewal notices in respect of
annual certificates. However we do issue renewal notices
for Commercial Travel Policies (such as Personal Accident,
Business & Liability covers) and individual annual
travel cover.
Renewal notices are sent on the basis that no claims have
been reported, the age limit has not been exceeded and
there is no change to the original underwriting information
(particularly in relation to the health of the Insured
Persons). If there is any doubt, then you should refer
these cases to us.
When inviting renewal in all cases, it is essential that
any material facts or alterations are disclosed.
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